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, for irene they were 7, but irene was closer to 20, i think they will be as bad. but now, look at all stores that are closed, flights that have not gone out, hotels and businesses onshore and new york city that are down for 4 days, that is a loss of income. that is 20 billion that gets me to 40. gerri: wow, okay that makes sense. people underestimate the costs. i read new york city alone is an economy with $4 billion that pumps out $ 4 billion every day, times 5 is $20 billion, not just damage you repair. it is also the loss of productivity, workdays, loss payroll, it could be far more devastating than we've been talking babout, you also said, in short term painful but longer term we get a bunch of federal dollars that will pump energy into the economy. >> absolutely, if we have $20 billion in property damage we spend more than that rebuilding, we always do, on the shore property so valuable, they will build bigger homes and businesses. obsolete capital will be replaced by modern capital. we'd get multiplier effect, you spend a dollar on infrastructure, you get a dollar 80 in gdp from additi
of the restaurant here. he was telling us that basically it was highest he had ever seen. he was here for irene last year. he has been with the restaurant for about a decade here at battery gardens. saying again it was the most water he had ever seen come up. he seas if it gets to be the 11-foot level, melissa, that will be trouble. he will predicts that will go above the two levels of terrace he has and begin to seep into his restaurant there. back to you. melissa: wow, robert gray, down at battery, normally one of the most beautiful places in manhattan at the very southern tip. thanks so much for that report. >>> the storm expected to hit an area responsible for 6.5% of the country's refining capacity. does that mean gas prices are about a spike? stock exchanges shuttered today and tomorrow. what will happen when trading starts again? price futures group senior market analyst phil flynn has been following all the stories for us. i want to ask you, philings because you're at cme. s&p futures will open about an hour from now. investor sentiment pent up because markets closed today and tomorrow. what
across the new york airports. with this one in particular, a little bit different from hurricane irene and the high tide and the flooding in the search that is going on. we are keenly interested in whether the airports will be at flood stage. that is a real possibility with this one. neil: what happens? is it done in the order of flights that were canceled immediately? if you were among those who had a flight canceled yesterday, you were first up to get your flight back off the tarmac today or tomorrow? how does it work? >> the best analogy is a thousand piece jigsaw puzzle that gets thrown in the middle of the table. trying to put back together as fast as you can, but there is a lot of systems that goes into that. this one is unique because it's not just the weather disruption, but also a system disruption to us because we really evacuated 60 aircraft out of the northeast all the way from washington to boston. neil: where did you bring him? obviously want them out of harms way. >> absolutely. we have some in the midwest. the first order is to get the fleet left where it belongs. then
and irene many did not see the extent of the damage coming. adam shapiro is doing looking for us. it will be flooding. that is what noaa is most concerned about. at 3:00 p.m. update they talked about the full moon and full moon cycles will create higher storm surge. what they can't say what part of the east coast will face the worst part of that storm surge. right now they are saying there is 90% certainty that the storm is doing, hurricane sandy right now, by the time it hits the united states or tropical storm or cyclone sandy, 90% certainty it will hit the united states monday night. once it hits and rain and rain and rain. according to noaa it will be a two or three day event tore most people, bringing in west virginia up to two feet of snow because it will impact with the other storm systemming coming out of the west. it is a cold front, when the cold front hits, snow in west virginia, snow in pennsylvania, snow in ohio. up to eight inches in pennsylvania and ohio. analysis from noaa, says roughly 10 inches of rain. hurricane irene dumped a lot of water on new jersey, vermon
iran, which everybody thought you know, how come we did not get strong winds, irene was dragging in dry air from the west. still a $15 billion store. this comes out from the southeast and the problem you have with that is you look at atlantic city beaches or down in delaware and maryland, those beaches have the water piling up and in. 1944 hurricane destroyed the entire atlantic city boardwalk in past 50-60 miles to the east. this has the possibility to have unprecedented storm surges. i believe it is a pick your poison. if it is further north, you can send a storm surge through long island where you are actually piling water up good this is a very situation. dagen: i love seeing you, joe. next time, i hope it is something else we can talk about. [ laughter ] >> i will come on and talk about nice weather. dagen: thank you. that does not help us at all. you have been talking about this exact type of storm. in memory. several years. thank you so much. eleven days until we go to the voting booth and elect the next president of the united states and that we have this morning's gross domesti
on the boardwalk. many people have heeded the warnings. they are remembering what happened with irene last year. other people are saying, you know, we have been through the storms before. we are hunkering down and we are not leaking. of course, our fingers are crossed for them. connell: along the shoreline, for better or worse with a large group of people. dagen: breaking news on the water moving into new york city and manhattan our sister station is reporting that parts of fdr drive, this is one of the two main arteries in and out of new york city that runs along the edge of manhattan. on the east side of manhattan is fdr drive, that is now underwater according to fox five. fdr drive is on the east side of manhattan. this is a critical artery of moving traffic in and out of new york city. at 2:00 p.m. eastern time, both the holland and brooklyn battery tunnel will be closing. if people are not in the city or out of the city in a matter of hours, you will not have a choice. you will have to stay right where you are. dagen: if you went up the right side of the horseshoe there, the east river is
will happen. gerri: where would it ranked? if it was a billion. >> i can tell you that hurricane irene last year was $43 billion in damage, and that was the top ten costliest hurricane. gerri: we are not done with hurricane season. >> we have a lot of time left to go. hurrican are august, but basically it runs until the end of november. so we could even have another storm after this. gerri: what is the one thing you tell people to do this weekend? >> everybody should basically do a home inventory. you have time, your home, a detailed list of your stuff. we have a free application and suffer to make it easy. this way if you have to file a claim you know what you have. it will also help you to buy the right amount of insurance "and a lot of good tips for making sure you have the right amount of coverage. gerri: bring in your pink flamingos people. you cannot have them outside. they become missiles. >> that is another good thing. take in everything from outside. gerri: all right. thank you for coming on. appreciate your time and tips. coming at, apple's stock dropped 00 in the past month. is t
. >> that is true. what happened is we had a combination of hurricane irene and hurricane lee. that happened in 1955 with tremendous amounts of water build up. but in this case, it is the storm surge that did the dirty work because the way turned into the coast. again, i want to stress to people that heat and drought and hurricanes along the eastern seaboard are something we will have to deal with for the next several years because of the overall pattern. cooling pacific very warm and women. then we will be back to where we were in the 60s and 70s again. dagen: left hook of the storm, the ride home untransformed hitting us in new york city. if anything, on the jersey shore, that is different than hurricane irene when we saw it. >> that is exactly right. the hurricane is pushing a hand of water up through. in the 1938 hurricane, it doesn't bring a whole heck of a lot. from the storm passed to the left, it does. 15 feet of water in providence, rhode island. imagine that. 3800 of an inch of rain. less than connecticut, all through the delaware valley, tremendous flooding going on there. the same type o
. that is a worrying sign for jetblue. hurricane irene affected them. florida was one of their main ports and they got affected by hurricane irene. that will bring down their of the pros. just a year ago there was lockout and they didn't pass the faa taxes for the airlines. airlines pocketed that. this year the tax is in place. airlines aren't going to see that. david: okay. >> so we'll see jetblue miss. we have two bold estimates on the negative side. these are the best rated analysts that are below the estimate. david: we have to do this quickly because we're running out of time. final loser, the final one that will disappoint on expectations natural resources company called cliffs. they actually had a 6% bump their stock, so you're going against the trend? >> we are. in fact they also have analysts that are far below the consensus. the smart estimate is 10 cents below the consensus estimate. that says the best analysts and latest --. david: so people aren't confused out there. you see green arrows and plus signs. sri is saying no, this will disappoint. even though up today a big disappointment in e
with hurricane irene. they felt that this one never measured up to the hype. what we are seeing is a storm that seems to be unfortunately exceeding the hype. we just hope folks are safe and we need them to know if anyone is listening, just hunker down. this is the absolute worst flooding we hope will be seen with the storm. it is tremendous. we have the ocean that breached the boardwalk and the bay, and double keds. a few in the center of the city, a few areas as well. neil: thank you so much, jeff. folks are dealing with a fair share of problems. all right. we do want to tell you that even though our markets are closed today and will be closed tomorrow. markets are in the verge of opening up. some very good economic numbers in japan or the unemployment rate is very low. we are getting some other encouraging news out of china. keep in mind that the inability to cross trade markets will handicap or even hurt everything you get from this trading. we will nevertheless convey it to you. we are also hearing from the national hurricane service. fourteen minutes from hurricane sandy hitting atlan
damage has been minimal compared to what we went through last year when hurricane irene and tropical storm lee came through in the billions. we have to get an assessment. we're getting out of the roadways now. the eastern part of the state. we don't have any aircraft up at this point. we will do that tomorrow. major roads seem to be fine, even secondary roads seem to be fine. the assessment to the end of the week. melissa: how financially prepared are you to make those repairs? will you call for federal aid? >> we receive federal aid in the preplanning process and we hope we are not going to be anywhere near the problems new jersey faced watching the television. preplanning with the money use, we will reimburse for that. ashley: for those people affected by this storm or in the wake of that what advice are you giving them? >> for those in central pennsylvania, the same advice, be careful going outside, stay off the roads, remind them to watch the creeks in low-lying areas because creeks come up quickly, and flooding affects them briefly. melissa: thank you for joining us. the new yor
. hurricane irene only missed eight inches last year. the storm surge from sandy will be similar to irene's. melissa: in terms of dollar value is that all damage or do you take into account loss of production tuft and -- productivity as people stay home and don't do anything or spend money. >> i'm just talking about insured damage. >> a lot of people are hitting the stores trying to stock up ahead of this. in some way there is some juice to the economy as people panic and go to the stores, right? >> yeah, sure. i've heard that beer and pop-tarts are the big sellers right before a hurricane. >> yeah. so, there is no other potential path now this storm as far as you see it? sometimes, and we get these questions a lot from viewers, we gear up for this big event and comes through and it is kind of no big deal. any chance of that? >> somebody is going to get it and it is going to be somewhere along the coast from probably virginia to new york. so maybe if you're in virginia it goes north, you say, well, this was no big deal. but that means up in new york they're really going to get the bankrup
,000 by hurricane irene 2011 quote the largest storm related outage in our history and again, 1.2 million, pl and without electricity at this hour and we're going to keep following this for you, they had 25,000 power crews on stand by that they brought in according to pepco, the utility in washington d.c. and 25,000 men and women additional force flown in from mexico, canada, and washington state poise today dispatch the crews. charles: it's a herculean effort or a herculean task. a lot of people without power, thanks, adam. >> you've got it. charles: joining us a spokeman for con-ed, the utility company in new york city, alfonso, can you fill us in on how things are looking. >> sure thing. the updated number for people in new york city and westchester county and that number is actually 729,000 customers out throughout new york city and westchester county and we're looking at about, in manhattan, where the bulk of them are at at this point, 240,000 customers out. charles: alfonso, how does con edison assess where to go initially, to to help initially, is there a system for figuring out priori
than that? >> hurricane irene was a $4.3 billion storm. the perfect storm from 1991 was a $200 mlion storm. this one, very likely will be a billion dollar storm because of all of the area, so much population. think about all the beaches you love to go to, the jersey shore. all those beaches on long island. these beaches in many cases will be destroyed. a lot of homes will be significantly damaged. this is going to be a very major storm. we tal about this so significantly now. so people can take all the eparations to, protect for any kind of loss of life but also their property. make all the arrangements nothat you can do, so we get through this as much of an orderly fashion as i can. melissa: i'm terrified. the whole studio is sitting here with their mouths wide open. thank you for coming on the show. >> my pleasure. melissa: next on "money", a single speed camera in the nation's capital is financial terminator. it has fined so many people it could support six madison square gardens. but you can never have too many tickets, take it from me. ♪ ♪ melissa: today we are joined by. ou
have seen so far. you were here for irene last year and several other hurricanes in the past. >> this year has been so far to my surprise the highest tide, and it got scary there for a minute. now it has gone down a little bit. but they're expecting a bigger one. i'm a little nervous and a little worried about it, you know, but we've got to prepare for the -- robert: you were closed all day. obviously your employees couldn't get in. tell me your thoughts about shutting down the city a day in advance. >> well, the city first of all they are doing a great job, emergency services. a day in advance, we were able to fit in all the events and functions, but the transportation was a little problem. robert: the owner and operator here at battery garden restaurants. if you are walking around grand central, you may recognize his face from uncle paul's pizza they delivered all the way downtown to our very hungry fox crew. liz: thank you to him. i have been to that wonderful battery gardens restaurant many times. he does a great job, fantastic. thanks to him and all the business owners t
. we have seen hurricane irene, people were without power for weeks. >> a significant number of folks in long island. >> thank you. that was al from connecticut light and power. >> we want to head over to nick gregory. this begs the question of what we are talking about all evening as we move further north. the storm surges. at what point, which towns and cities are going to be hitting those? >> we were concerned about western long island sound. the hudson surge will be coming down now as the tide goes out. as i have been watching, i have good news to report. somewhat good news. the water is still a flood stage in the western long island sound, but as we are watching, we are approaching high tide. but the surge is actually not as bad as we were thinking. that is good good news. the thought was we could get up to about 16 or maybe 17 feet. but it stopped at about 14.3 feet and is now all the way down. about 13.7 beta right now. right here in the western part of long island sound. positive news again, still above flood stage. it is still floating right now, but it least it is not as hi
that we took last year with irene. with lee. we had 5 reported deaths so far. we hoping that is where it is. we actual have snowfall in the lower highlands. i imagine there were some ski lomgs thalodgesthat are happy. we have 1.1 customers without electric service in pennsylvania right now. major companies are working hard, they brought in about 2300 service providers, and workers from other states to help resolve problems here in pennsylvania. as i look at what is going on in new york, and new jersey, i am counting that we're lucky compared to them. but, you know with one million people without electricity, a lot of wind damage, it appears, some flooding damage, this has been an impact on pennsylvania. neil: you mentioned 1 million or so without power, we hear 3 million in new jersey, we told most will not have it back any time soon. we're a week away, from an election. where it is conceivable a lot of people will not be able to go to polls, they would have to get a jazz group of voters to do that. do you envision a problem on election day? >> right now, i do not invick problems, i -
obviously are not going to be able to begin to assess until tomorrow. you know, the mta after irene which was obviously much less significant than what we are having now to really good job of getting the subway back up and running in about eight hours. as far as the tunnels, obviously it's a good thing, the critical thing is get the trains and the machinery out there. because we can try out the titles much more efficiently and quickly. the machines in the subway cars have been flooded, that would have really cut back. we get the call to go. >> reports the people chapter of the boroughs. most of the people we have spoken to. they did not heed the evacuation order. they live in zone day and did not get out. you have any sense how many people were talking, how many people might be trapped in the city of new york? >> 375,000 people in zone a approximately. we've -- our best guests was probably somewhere between 50 and 60 percent of people, were thinking upwards of 60. you can't see those. this be are now trapped. it's hard to know exactly. >> sure thing. all right. we thank you so much. the s
, but they remember when irene barreled through the northeast here last year, the atlantic ocean in some places even touching the bay. so, we're talking about 11 foot storm surge and 20 foot waves on top of that potentially and a nightmare and hitting us harder later in the day. back to you. charles: anna kooiman in long island. well, we saw the acts of desperation, stops of president obama pulling out the stops to get reelected and that'ssnext. we'll ask a democratic strategist in one of those acts of desperation, this ad, will actually work. >> he wanted to be with a great guy. a guy with beautiful, cares and understands about women. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just e start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. why
that is $5 billion more than hurricane irene. guaranteed that number goes up and 10 to $30 billion more in lost business. connell: let's talk about the new york stock exchange, one of the big story today that the exchanges back at it and open for the first time since hurricane sandy. close on monday and tuesday and early this morning nicole petallides had the chance to speak with c e o duncan neiderauer and asked if they could have opened the stock exchange earlier than today. >> we could have. it would have been irresponsible in light of what we know. we could have operated electronically and what the industry clearly told us on sunday was please don't open electronically because we have to put a lot of our people in harm's way so let's not do that. do i wish we came to a decision earlier? sure. but we all made the right decision. it would have been irresponsible and dangerous to be open monday and tuesday. dagen: coming up on quarter past the hour and want to do stocks now and every 15 minutes. back to nicole petallides to talk about that and gm today. nicole: the play-by-play, the be
on a regular basis. cheryl: irene was 5,000,000,006,000,000,000? ashley: no matter what work is given to recover, it will be more than offset by the business lost. gerri: i think we will have a lot of spending. keep in mind where that money will come from. it is just one big circle. one big cycle. more people will be working. they will be working to fix roads, bridges, homes, but it is our taxpayer dollars. ashley: gerri willis, thank you very much. don't miss "the willis report" tonight. cheryl: we are getting more breaking news. con ed announces they are aiming to restore power to lower manhattan. that should be by friday or saturday. power is basically out everywhere. they are hoping to get it completely restored by friday and saturday. this is issues with regards to manhattan. ashley: if they can get it back by thursday, that would be impressive no doubt. the twilight saga will continue. cheryl: as we do every day at this time, let's take a look at the ten and 30 year treasuries. we will be right back. ♪ ♪ >> i have here fox business brief. the markets drifted into negative te
receive an order to evacuate as they did before hurricane irene? >> no, i have seen all the e-mails on this. they didn't receive an order before to evacuate the hospital. however, they made a very wise decision to evacuate the hospital when they lost power. and i think the key here is that they did it without anyone dying. charles: right. that's -- >> charles, as you said, can they anticipate something like this? the problem here is the generators are in the basement. that may not be the best place for all the generators. charles: again, listen, we're monday morning quarterbacking here. someone should have said hey maybe one generator should be above where any flooding can happen, but how do you think the hospital recovers from this? i mean this is certainly a public relations fiasco. >> well, not only a public relations problem, although it depends on what the focus is. maybe it is going to be on how heroic they were, but also they have no patients now. they don't have any intermet. they don't have any phones. -- they don't have any internet or phones. they don't know when po
is the main cause of damage and the top cause of damage in hurricane katrina, isaac, irene and it has been the top cause of damage since 1980. that is the first time mine -- munich re, the insurance company, started to look at hurricane related events. look at storm surge. i will see where the deep parts of the flooding will be felt along the eastern seaboard. look at this possible surges surpassing six feet. you will see how much it goes inland. because these are sigh loan force winds. we also have a full moon, high tide will be hitting tonight at around 8:00 p.m. eastern time. melissa: wow. >> that is expected to add two to three inches to the storm's surge. so that's the problem here. so when you add texas, add oklahoma and new mexico and arizona into the circumference of it, the total circumference but the problem is insurance policies tend not to cover flooding. you have to buy a separate insurance policy to cover flooding. that is the thing homeowners and businesses need to owe. melissa: i thought it was separate issue flooding from a hurricane or just looding? >> that is important
Search Results 0 to 31 of about 32 (some duplicates have been removed)

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